For sale

$439,000

5454 Main St, Lexington, MI 48450

4beds

2,145sqft

$2,837/mo

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Single Family Residence

Built in 1895

0.26 Acres Lot

$419,100 Zestimate^®

$205/sqft

$-- HOA

What's special

A great opportunity to live in downtown Lexington! Formerly the retail shop, Gatherings, for many years, this is within easy walking distance of everything downtown. The grounds offer very healthy perennials for every season, making the curb-appeal even more desirable. The 4 bedrooms, one down, 3 up are very vintage and can be decorated with a variety of styles. The property has been well-maintained over the years, but it is time for someone to make even more than what it already is! How about it? Are you ready for a change? Property is also being offered as a commercial property, with inventory included, for $455,000. Extra storage with the 8 X 12 garden shed, 8 X 10 utility barn and two-story 30 X 40 barn. With the charm of the "closer up north" Village of Lexington, your business will thrive with the walkability of this location that is downtown! Bring your imagination, business plan and make your dream come true.

166 days

587

16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 1
1/2 bathrooms: 2
Main level bathrooms: 1
Main level bedrooms: 1

Bedroom 1

Level: Upper
Area: 143
Dimensions: 13 x 11

Bedroom 2

Level: Main
Area: 144
Dimensions: 12 x 12

Bedroom 3

Level: Upper
Area: 156
Dimensions: 13 x 12

Bedroom 4

Level: Upper
Area: 165
Dimensions: 11 x 15

Bathroom 1

Level: Main

Heating

Baseboard, Boiler, Natural Gas

Features

Basement: Crawl Space
Has fireplace: No

Interior area

Total structure area: 2,145
Total interior livable area: 2,145 sqft
Finished area above ground: 2,145
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: 3 or More Spaces, On Street, Detached, Workshop in Garage
Garage spaces: 4
Has uncovered spaces: Yes

Features

Levels: One and One Half
Stories: 1.5
Patio & porch: Porch
Frontage type: Road
Frontage length: 85

Lot

Size: 0.26 Acres
Dimensions: 85 x 132
Features: Large Lot - 65+ Ft., Main Street, Sidewalks

Details

Additional structures: Shed(s)
Parcel number: 152 300 000 020 01
Zoning description: Commercial,Mixed Use,Residential
Special conditions: Trust

Construction

Type & style

Home type: SingleFamily
Architectural style: Conventional Frame
Property subtype: Single Family Residence

Materials

Wood Siding

Condition

Year built: 1895

Utilities & green energy

Sewer: Public Sanitary
Water: Public
Utilities for property: Internet Fiber Available

Community & HOA

Community

Subdivision: None

HOA

Has HOA: No

Location

Region: Lexington

Financial & listing details

Price per square foot: $205/sqft
Tax assessed value: $344,200
Annual tax amount: $3,425
Date on market: 3/13/2026
Cumulative days on market: 167 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Ownership: Trust

Estimated market value

$419,100

$398,000 - $440,000

$2,147/mo

Price history

Date	Event	Price
3/13/2026	Listed for sale	$439,000$205/sqft
Source: MiRealSource #50201482 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,281 +9.8%	$172,100 +7%
2024	$3,900 +5%	$160,800 +33.1%
2023	$3,714 +3%	$120,800 +10.3%
2022	$3,606 +1.2%	$109,500 +5.4%
2021	$3,564	$103,900 +8.1%
2020	--	$96,100 +5.6%
2019	--	$91,000 +4.1%
2018	--	$87,400 +0.5%
2017	--	$87,000 +12.4%
2016	--	$77,400 +4.2%
2015	--	$74,300 +8%
2014	--	$68,800 +2.8%
2013	--	$66,900 +5%
2012	--	$63,700 -18.4%
2011	--	$78,100